The financial statements of Hershey Foods appear in Appendix B, following the financial statements for Tootsie Roll
Question:
The financial statements of Hershey Foods appear in Appendix B, following the financial statements for Tootsie Roll in Appendix A. Assume Hershey’s average number of shares outstanding was 228,652,000, and Tootsie Roll’s was 54,980,000.
Instructions
(a) For each company calculate the following values for 2007.
(1) Working capital.
(2) Current ratio.
(3) Debt to total assets ratio
(4) Free cash flow.
(5) Earnings per share.
(b) Based on your findings above, discuss the relative liquidity, solvency, and profitability of the two companies.
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-0470239803
5th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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